Cote d'Ivoire: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Cote d'Ivoire

In 2022, the Cote d'Ivoire's market for copper bars, rods and profiles increased by 12% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -26.5% against 2019 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Cote d'Ivoire

After three years of growth, overseas shipments of copper bars, rods and profiles decreased by -28.5% to X kg in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by 220% against the previous year. The exports peaked at X kg in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile exports reached $X in 2022. In general, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 247%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X kg) was the main destination for copper bar, rod and profile exports from Cote d'Ivoire, with a 91% share of total exports. Moreover, copper bar, rod and profile exports to Ghana exceeded the volume sent to the second major destination, Mali (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ghana amounted to +49.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (-2.3% per year) and Benin (-7.3% per year).

In value terms, Ghana ($X) remains the key foreign market for copper bars, rods and profiles exports from Cote d'Ivoire, comprising 70% of total exports. The second position in the ranking was taken by Benin ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ghana totaled +64.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+2.3% per year) and Mali (-2.4% per year).

Export Prices by Country

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, with an increase of 42% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 51% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Bars, Rods and Profiles

Imports into Cote d'Ivoire

In 2022, overseas purchases of copper bars, rods and profiles increased by 21% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 138% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, copper bar, rod and profile imports expanded remarkably to $X in 2022. In general, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.0% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 116%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest copper bar, rod and profile supplier to Cote d'Ivoire, accounting for a 34% share of total imports. Moreover, copper bar, rod and profile imports from France exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.6% per year) and Spain (+17.1% per year).

In value terms, France ($X) constituted the largest supplier of copper bars, rods and profiles to Cote d'Ivoire, comprising 37% of total imports. The second position in the ranking was held by Spain ($X), with a 14% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+18.6% per year) and Italy (+4.9% per year).

Import Prices by Country

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, dropping by -10.2% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile import price increased by +36.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 39%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform